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Back-to-School Tech Sales to Rise 13%, Predicts Mastercard

Retail sales are expected to grow 5.5% in the back-to-school selling season July 15-Sept. 6 compared with the similar 2020 period, reported Mastercard’s SpendingPulse Thursday. It’s projecting 6.7% growth this year compared with the similar pre-pandemic period in 2019. Electronics…

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sales are projected to grow 13% year over year and 9.6% compared with 2019, it said: “If we learned one thing this past year, it’s that technology keeps us connected.” SpendingPulse measures in-store and online retail sales across all payment forms.